Tesco plc agreed to sell most of its Fresh & Easy chain to billionaire Ron Burkle’s Yucaipa investment company, allowing the U.K. grocer to exit the U.S. after a failed six-year foray into the world’s biggest economy.

Yucaipa will acquire more than 150 of Fresh & Easy’s near 200 stores as well as distribution and production facilities, Cheshunt, England-based Tesco said today. Those outlets not included in the transaction will be closed in the coming weeks.

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